1
Question
The following account has a credit balance _________________.
The following account has a credit balance _________________.
Open in App
Solution
The correct option is D Returns Outward
Return Outward is basically purchase return. Since, purchases have debit balance and purchase returnhave credit balance.Similarly, sales have a credit balance, sales return would have a debit balance.
Return Outward is basically purchase return. Since, purchases have debit balance and purchase returnhave credit balance.
Similarly, sales have a credit balance, sales return would have a debit balance.
Suggest Corrections
0
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
